Located at Phoenix Road, The Arden offers homebuyers an exclusive living experience close to nature at an affordable price.
Think about living in luxury - New Launch Condo in Singapore and most people will immediately assume it's a picture-perfect dream completely out of their budget.
But that's not necessarily the case. There are still hidden gems available to savvy buyers who not only enjoy an upscale lifestyle at great value, but are also a wise investment for years to come.
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Developed by award-winning developer Qingjian Realty, New Launch Property is set to become an affordability leader in the current market of new launches. One such opportunity is The Arden, a new boutique development in Choa Chu Kang, comprising a collection of 105 luxury homes with four courtyards.
As the land was purchased in 2019 at a time when land prices were lower, Ismail Gafoor, CEO of Propnex Realty said, “the developer has been able to price the apartments at The Arden attractively today, especially in the context of rising costs”.
ERA Singapore CEO Marcus Chu said: “The current new launch price of the D23 has already reached the benchmark above $2,000/m2. “Among existing government land sales (GLS) sites, there is still little supply of new developments at affordable prices. With its premium offering and finishing, The Arden really stands out as the most affordable new launch in 2023 at a price slightly lower than suburban launches in the market. market, suitable for the buyer's pocket without compromising on quality and luxury."
At the same time, the limited supply of unsold homes in the suburbs and District 23 could push demand and therefore push prices even higher.
Huttons CEO Mark Yip estimates that just 2,000 of the island's 16,000 unsold single-family homes are in the Out-of-Central Region (OCR), with just 464 unsold as of July 21 in District 23.
And only 3,500 units launched in this year's OCR, out of 10,000 across Singapore — with The Arden being the only project in Choa Chu Kang this year. That suggests a possible “pent-up demand” for homes in the Choa Chu Kang neighborhood.
These factors, analysts say, set The Arden apart as an attractive option for homeowners in today's landscape — while creating even more potential for capital appreciation and raise prices for homeowners looking to sell for years to come.
“We expect The Arden to attract a diverse range of buyers from families to young professionals as well as those looking to upgrade from their condominium, who want a modern home. , close to nature and nestled in a quiet environment, said by Mr. Ismail Gafoor:
And all of that doesn't affect convenience and accessibility. A short walk away brings residents to the Phoenix Light Rail (LRT) and Bukit Panjang Mass Rapid Transit (MRT) stations, where they can seamlessly access the rest of the island via the Central Line – with convenient interchanges along the way to the Roundabout and the North-South Line that can take them to nearby areas such as Marina Bay, City Hall and Bouna Vista.
Bukit Panjang Integrated Transport Center is also about a nine-minute walk from The Arden, offering a wide range of bus options. Given Bukit Panjang's proximity to emerging residential areas such as Tengah Town, Jurong Lake District, Jurong Innovation District and Woodlands Regional Center, the area is likely to witness rejuvenation in the coming years, yet including easy travel for residents whose workplaces are located in these areas. districts.
Closer to New Launch Condo, a variety of conveniences also await, bringing convenience to modern life. A short walk from The Arden are three shopping malls – Junction 10, Hillion Mall and Bukit Panjang Plaza – offering a variety of dining and shopping options. Venture a little further and you'll also be able to enjoy the wonders of Lot One Shopping Mall in Choa Chu Kang, Railway Shopping Mall and Cold Storage Dairy Farm.
Families with school-going children will appreciate the neighborhood with schools such as Teck Whye Elementary, West View Elementary, South View Elementary, Bukit Panjang Public High and Jurong Pioneer JC – ensure a smooth educational journey for young children and family members.
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